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News

Russia Plans $50 Billion Investment In Iran’s Oil, Gas Industry

Russia Plans $50 Billion Investment In Iran’s Oil, Gas Industry

Jul 13, 2018 at 17:12 | Tsvetana Paraskova

Russia is getting ready to invest US$50 billion in Iran’s oil and gas industry as the two countries continue to seek closer ties, just as the United States is…

Aker BP: Norway Oil Strike Would Hit Production If It Lasts A Month

Aker BP: Norway Oil Strike Would Hit Production If It Lasts A Month

Jul 13, 2018 at 17:05 | Tsvetana Paraskova

Norway’s ongoing oil workers’ strike—currently in its fourth day and is set to worsen next week—would have to drag on for around a month for it to affect oil…

Kurds In Syria Share Oil With Government As Part Of A Deal

Kurds In Syria Share Oil With Government As Part Of A Deal

Jul 13, 2018 at 15:55 | Tsvetana Paraskova

Kurds in Syria are sharing part of the oil pumped at oil fields with the Syrian government under a recently signed deal that is working, Russian news outlet Sputnik

Chevron’s Stock Rebounds After Turbulent Week

Chevron’s Stock Rebounds After Turbulent Week

Jul 13, 2018 at 13:23 | Julianne Geiger

Chevron Corporation’s (NYSE:CVX) stock fell sharply on Wednesday as an Ecuadorian court upheld a multi-billion dollar judgement against the oil giant. Since then the U.S. oil major saw its…

U.S. To Slap Sanctions On All Iranian Oil Buyers

U.S. To Slap Sanctions On All Iranian Oil Buyers

Jul 13, 2018 at 12:55 | Tsvetana Paraskova

The United States intends to impose sanctions on all customers of Iranian oil, including China, the EU, and Russia, Treasury Secretary Steven Mnuchin said on Thursday, signaling that the…

A World-First: Ireland Plans To Exit Fossil Fuel Investments Entirely

A World-First: Ireland Plans To Exit Fossil Fuel Investments Entirely

Jul 13, 2018 at 11:45 | Irina Slav

Ireland could become the first country in the world to quit fossil fuel investments completely, after the Fossil Fuel Divestment bill was passed by the country’s lower house, the Dáil…

Puerto Rico Utility Board Resigns

Puerto Rico Utility Board Resigns

Jul 13, 2018 at 10:59 | Irina Slav

Five of the seven members of the Puerto Rico utility board resigned yesterday amid a huge restructuring following the severe damage the country suffered from Hurricane Maria, Reuters reports,…

U.S. Asks UN To Stop Oil Products To North Korea Immediately

U.S. Asks UN To Stop Oil Products To North Korea Immediately

Jul 13, 2018 at 08:41 | Tsvetana Paraskova

The United States has asked the UN Security Council to impose an immediate stop to all shipments of refined oil products to North Korea, after finding that Kim Jong-un’s regime…

Savannah Petroleum Makes Third Oil Discovery In Niger

Savannah Petroleum Makes Third Oil Discovery In Niger

Jul 12, 2018 at 16:02 | Tsvetana Paraskova

UK-based independent oil and gas company Savannah Petroleum has made a third oil discovery in Niger in as many months and is extending its drilling…

Tesla’s U.S. Tax Credit Set To Come To An End

Tesla’s U.S. Tax Credit Set To Come To An End

Jul 12, 2018 at 13:36 | Tsvetana Paraskova

Tesla has delivered 200,000 vehicles in the United States, exceeding the threshold above which federal tax credits for EVs start to phase out, a spokesperson for Tesla said on Thursday—and…

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